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Trendilo Indicator PineScript Code (Version 6) (ATP)

This document contains a Pine Script™ code for a trading indicator called 'Trendilo🤖 [ATP]'. It includes inputs for smoothing, lookback length, ALMA parameters, and band multipliers, as well as calculations for trend direction and signals for buying and selling. The script plots histograms, signals, and colors the background based on trading signals.

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emotional.ghost.tas
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682 views1 page

Trendilo Indicator PineScript Code (Version 6) (ATP)

This document contains a Pine Script™ code for a trading indicator called 'Trendilo🤖 [ATP]'. It includes inputs for smoothing, lookback length, ALMA parameters, and band multipliers, as well as calculations for trend direction and signals for buying and selling. The script plots histograms, signals, and colors the background based on trading signals.

Uploaded by

emotional.ghost.tas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

/ This Pine Script™ code is subject to the terms of the Mozilla Public License 2.

0
at https://mozilla.org/MPL/2.0/
// © AlgoTrade_Pro

//@version=6
indicator('Trendilo🤖 [ATP]', overlay = false)

//Inputs
src = close
smooth = input.int(1, title = 'Smoothing', minval = 1)
length = input.int(50, title = 'Lookback', minval = 1)
offset = input.float(0.85, title = 'ALMA Offset', step = 0.01)
sigma = input.int(6, title = 'ALMA Sigma', minval = 0)
bmult = input(1.0, 'Band Multiplier')
cblen = input(false, 'Custom Band Length ? (Else same as Lookback)')
blen = input(20, 'Custom Band Length')
highlight = true
fill = true

//Math
pch = ta.change(src, smooth) / src * 100
avpch = ta.alma(pch, length, offset, sigma)
blength = cblen ? blen : length
rms = bmult * math.sqrt(math.sum(avpch * avpch, blength) / blength)
cdir = avpch > rms ? 1 : avpch < -rms ? -1 : 0
col = cdir == 1 ? color.lime : cdir == -1 ? color.red : color.gray

//Plots for Histogram


fplot = plot(avpch, color = highlight ? col : color.blue, linewidth = 2)
posrms = plot(rms, color = color.new(color.purple, 0))
negrms = plot(-rms, color = color.new(color.purple, 0))
fill(fplot, posrms, color = fill and cdir > 0 ? col : na)
fill(fplot, negrms, color = fill and cdir < 0 ? col : na)
hline(0)

//Signals
Long_Signal = ta.crossover(avpch, rms)
Short_Signal = ta.crossunder(avpch, -rms)

// Plot signals on the chart


plotshape(Long_Signal, title = 'BUY', text = '🟢', style = shape.labelup, location =
location.belowbar, color = color.green, textcolor = color.white, size = size.tiny,
force_overlay = true)
plotshape(Short_Signal, title = 'SELL', text = '🔴', style = shape.labeldown,
location = location.abovebar, color = color.red, textcolor = color.white, size =
size.tiny, force_overlay = true)

// Color the background on signal occurrences


bgcolor(Long_Signal ? #4caf4f33 : na, force_overlay = true, editable = false)
bgcolor(Short_Signal ? #ff525233 : na, force_overlay = true, editable = false)

//End

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